{"id":40054,"date":"2024-06-18T14:26:09","date_gmt":"2024-06-18T08:56:09","guid":{"rendered":"https:\/\/newswiredelhi.com\/index.php\/2024\/06\/18\/9th-ges-to-be-a-gateway-for-indian-fintech-companies-to-gain-the-spotlight\/"},"modified":"2024-06-18T14:26:09","modified_gmt":"2024-06-18T08:56:09","slug":"9th-ges-to-be-a-gateway-for-indian-fintech-companies-to-gain-the-spotlight","status":"publish","type":"post","link":"https:\/\/newswiredelhi.com\/index.php\/2024\/06\/18\/9th-ges-to-be-a-gateway-for-indian-fintech-companies-to-gain-the-spotlight\/","title":{"rendered":"9th GES to be a gateway for Indian FinTech Companies to gain the spotlight"},"content":{"rendered":"<p><img decoding=\"async\" width=\"1200\" height=\"900\" src=\"https:\/\/primexnewsnetwork.com\/wp-content\/uploads\/2024\/06\/image-1-21.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" loading=\"lazy\" \/><\/p>\n<div>\n<p><strong>Mumbai (Maharashtra) [India], June 18:<\/strong> India has emerged as one of the most robust FinTech economies in the world with landmark innovations in secure payment systems and gateways, paperless lending, mobile banking and wallets and other innovations which are driving the country\u2019s digital transformation.\u00a0India\u2019s FinTech sector, currently the third largest and third highest funded globally, trailing only the USA and China, is poised to emerge as a global leader.\u00a0<\/p>\n<p>Against this backdrop, World Trade Center Mumbai and All India Association of Industries are set to host the 9th edition of their flagship event, the Global Economic Summit, themed\u00a0\u201cFinTech: Accelerating the Digital Revolution,\u201d from August 8-10, 2024.\u00a0The Summit will discuss pathways and strategies to meet the unmet credit needs of MSMEs, women entrepreneurs and under-served communities through digital solutions such as paper-less credit, account aggregator framework, cash-flow based funding, alternative credit scoring methods and so on. World-over, central banks are encouraging their traditional banks to deploy technologies to promote digital supply chain financing for MSMEs and digital payments.<\/p>\n<p>According to the UK Sinha-led Expert Committee of RBI, MSME sector faces credit gap to the extent of Rs. 20-25 lakh crore and fintech can be a key enabler of credit accessibility and affordability for small scale enterprises.<\/p>\n<p>Highlighting the importance of this Summit, Dr. Vijay Kalantri, Chairman, MVIRDC World Trade Center Mumbai\u00a0remarked \u201cIndia has the fastest growing fintech industry in the world and the Summit will add further momentum to this growth by\u00a0connecting local companies to their global counterparts, fostering opportunities for investment, exchange of technology and business partnerships. This also aligns with the government\u2019s initiative to take India\u2019s fintech innovations such as UPI to the global market.\u201d<\/p>\n<p>The Summit is supported by\u00a0ONDC, an open e-commerce network backed by\u00a0Government of India, Digital Lenders Association of India (DLAI) and\u00a0<a>Atal Incubation Centre \u2013 RMP<\/a>. The event is co-sponsored by IDBI Bank. In order to facilitate cross-border collaboration for Indian fintech startups, WTC Mumbai has garnered the support of Geneva-based global e-trade facilitator World Trade Point Federation and International Digital Economy Association (IDEA)\u00a0which represents 25 countries across Africa, Middle East and Asia and FinTech Belgium.<\/p>\n<p>The key highlights of the Summit are\u00a0Conference, Exhibition, Networking Session, and Awards\u00a0Ceremony.\u00a0 The Summit will be an ideal platform for delegates and around 100 exhibitors to showcase their products and services among more than 5,000 visitors and 300 delegates from 10 countries, including policymakers, regulators, diplomatic corps and fintech industry leaders.<\/p>\n<p>The Conference will be addressed by distinguished experts\/bankers like Mr. P. Vasudevan, Executive Director, RBI; Ms. Amor Maclang, Co-Founder, International Digital Economies Association (IDEA); Dr. Dirk Zetzsche, Professor of Financial Law, University of Luxembourg; Mr. T Koshy, CEO, ONDC; Mr. Jatinder Handoo, CEO, Digital Lenders Association of India (DLAI) and other fintech leaders from India and around the World.\u00a0<\/p>\n<p>The Summit will also host notable speakers like: Mr. Makoto Shibata, Head &amp; Chief Community Officer, FINOLAB Inc; Mr. Mihir Gandhi, Partner and Leader, Payments Transformation, PwC India; Mr. Hrushikesh Mehta, Senior Vice President \u2013 Financial Services, ONDC; Mr. Ajay Rajan, Country Head- Transaction Banking, Yes Bank; Mr. Amit Purohit, VP and Head \u2013 Digital Business, Aditya Birla Sun Life AMC; Mr. Sanjay Agarwal, Co-Founder and Director, Moneyview; Mr. Manish Lunia, Co-Founder, Flexiloans; Ms. Shilpa Mankar Ahluwalia, Senior Partner, Shardul Amarchand Mangaldas; Dr. Pawan Bakhshi, India Lead- Inclusive Financial Systems, Bill &amp; Melinda Gates Foundation; Mr. Sashank Rishyasringa, Co-founder, Axio; Mr. Jaideep Pawar, Founder &amp; CEO, GRAMePAY; Ms. Smita Jha, Partner, Khaitan &amp; Co; Mr. Mandar Agashe, Founder, Managing Director &amp; Vice Chairman, Sarvatra Technologies.\u00a0<\/p>\n<p>These speakers will discuss and deliberate on evolving market trends, critical emerging technologies, public digital infrastructure, frictionless lending, guardrails, compliance procedures and investment outlook.\u00a0<\/p>\n<p>Pointing out the relevance of the Summit theme,\u00a0Ms. Rupa Naik, Executive Director, MVIRDC World Trade Center Mumbai\u00a0said, \u201cThe fast-growing fintech sector has transformed the lives of millions of consumers and businesses, ranging from self-employed persons to women entrepreneurs and large corporate houses. Fintech is the key driver of financial inclusion, gender equality, easy access to credit in rural areas and sustainable development goals.\u201d\u00a0<\/p>\n<p>The earlier editions of the Summit witnessed participation of more than 300 Indian and International delegates from around 30 countries. For further information, kindly visit the website\u00a0<a href=\"https:\/\/www.gesmumbai.com\/\" target=\"_blank\" rel=\"noopener\">https:\/\/www.gesmumbai.com\/<\/a><\/p>\n<p><em>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India], June 18: India has emerged as one of the most robust FinTech economies in the world with landmark innovations in secure payment systems and gateways, paperless lending, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":40055,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_rishi_post_view_count":165},"categories":[9],"tags":[674],"class_list":["post-40054","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release","tag-pressrelease","rishi-post"],"rishi__cb_customizer_meta":"","comments_count":"0","_links":{"self":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts\/40054","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/comments?post=40054"}],"version-history":[{"count":0,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts\/40054\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/media\/40055"}],"wp:attachment":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/media?parent=40054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/categories?post=40054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/tags?post=40054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}